Business
Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%
June 29, 2015
Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%
Egypt's market lost ground on Monday’s session, as the benchmark EGX30 index fell 1.65 percent, recording 8,371.53 points and a…
Egypt’s passenger cars sales fall 22% y-o-y in May
June 29, 2015
Egypt’s passenger cars sales fall 22% y-o-y in May
Egypt’s passenger car sales fell 22 percent year-over-year in May to 13,000 cars, according to a report by the Automotive…
Egypt-Sudan trade surplus down US$179 mn in 2014
June 29, 2015
Egypt-Sudan trade surplus down US$179 mn in 2014
The surplus of inter-trade between Egypt and Sudan declined to US$280.1 million in 2014, down from US$459.1 million in 2013,…
Egypt signs up for Asian infrastructure investment bank
June 29, 2015
Egypt signs up for Asian infrastructure investment bank
Egypt signed on Monday the founding agreement for the nascent Asian Infrastructure Investment Bank in Beijing. Egypt’s ambassador to China, Magdy…
Egyptian pound steady at official auction, weaker on black market
June 28, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the Egyptian pound steady at 7.53 to the dollar at a foreign exchange auction on Sunday,…
Egypt’s market gains LE3.5 billion on Sunday, EGX30 rises 1.3%
June 28, 2015
Egypt’s market gains LE3.5 billion on Sunday, EGX30 rises 1.3%
Egypt's market achieved gains during Sunday’s session, as the benchmark EGX30 index rose 1.26 percent , recording 8,511.98 points and…
Minister: No increase in subsidy allocated for exports
June 27, 2015
Minister: No increase in subsidy allocated for exports
Trade and Industry Minister Mounir Fakhry Abdel Nour said allocations for subsidized exports will not increase in the 2015-2016 budget,…
PM urges finalizing design of Damietta furniture city
June 26, 2015
PM urges finalizing design of Damietta furniture city
Prime Minister Ibrahim Mahlab urged during ministerial meeting to swiftly finalize the designs of the Damietta projects and selecting suitable…
Egypt’s market loses LE4 bn in week, EGX30 index down 2%
June 26, 2015
Egypt’s market loses LE4 bn in week, EGX30 index down 2%
Egypt's stock market has witnessed losses of LE4 billion this week, and all indexes were down, Egyptian Exchange data showed. The…
Sources: Egypt’s Banque Misr in talks with banks for dollar loan
June 25, 2015
Sources: Egypt’s Banque Misr in talks with banks for dollar loan
Banque Misr, Egypt's second-largest state lender, has invited banks to pitch for arranger roles on a potential dollar-denominated syndicated loan,…